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ECHO Echo Energy Plc

0.0035
-0.0002 (-5.41%)
12 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Echo Energy Plc LSE:ECHO London Ordinary Share GB00BF0YPG76 ORD 0.0001P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0002 -5.41% 0.0035 0.0034 0.0036 0.0037 0.0035 0.00 1,304,344,689 13:32:51
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Drilling Oil And Gas Wells 14.11M -9.59M -0.0017 0.00 205.74k
Echo Energy Plc is listed in the Drilling Oil And Gas Wells sector of the London Stock Exchange with ticker ECHO. The last closing price for Echo Energy was 0p. Over the last year, Echo Energy shares have traded in a share price range of 0.0031p to 0.03p.

Echo Energy currently has 5,560,618,550 shares in issue. The market capitalisation of Echo Energy is £205,742.89 . Echo Energy has a price to earnings ratio (PE ratio) of 0.00.

Echo Energy Share Discussion Threads

Showing 3201 to 3219 of 3450 messages
Chat Pages: 138  137  136  135  134  133  132  131  130  129  128  127  Older
DateSubjectAuthorDiscuss
25/6/2023
15:54
Website working now. No sign of said circular as yet. emailed info@echoenergyplc.com for answers following RNS 2 June.

Mentally wrote my small holding off long ago, barring miracles!

steelwatch
25/6/2023
12:57
Gone down a black hole...
Try the company website & you get this...

"The domain name in the URL is not associated with any active site on the WP Engine platform.
If this is your site, please visit your User Portal to ensure that your domain mapping and DNS records are configured correctly.
Still have questions? Contact Us."

Q1. Anyone at home?
Q2. What is the date for the general meeting?
Q3. Anything to do other than liquidate the company?

napoleon 14th
19/6/2023
15:37
I'm guessing all holders will be voting to remove Martin Hull? He has presided over a total destruction in shareholder value, due largely to incompetence. During this time he has pillaged large amounts of shareholder money and other resources. I would be staggered if he were allowed to continue. Only a couple of days left to vote...
ohdearohdearohdear
14/6/2023
12:23
Equity-Trader (@EquityTrader888) tweeted at 11:56 am on Wed, Jun 14, 2023:Wow!1462% upside according to https://t.co/o3QsQnZ4L5#Echo@echoenergyplc
peapod1
12/6/2023
16:40
I should of listen to you and helpful ,this has been my worst investment and l have now resigned myself to never getting my money back as the main goal of this company has been to secure they wages first ,selling tomorrow which never comes.
gary38
26/5/2023
16:47
This could be the next purple bricks.Millions of £ in debt sold for a singular £. Maybe not though... There's still more gerbils that need blending. We can get a good placing or 2 in beforehand, hopefully one just before summer so Parsons and Hull can relax and decompress in their sun gardens over a lovely glass of Egon Muller Trockenbeerenauslese '59.Ah, very quaffable. Those lovely hints of honey and beeswax.On behalf of the Thompson twins: they would like to thank the mug punters in advance for a lovely summer of frolicking and sunshine.
the_punted_mug
26/5/2023
10:13
The mug punter is now mugging himself.

There is bond debt of €10 million still aboard Echo Energy and residual trade payable debt.

And the " £1 million" loan. That needs to be cleared up by next March.

The obfuscation is appalling. But apparently it's legal.

Guess who benefits from excessive remuneration and bonuses?

Not the mug punter.

Be careful.

helpfull
26/5/2023
09:21
The problem isn't just Parsons. Why is Hull being allowed to get away with a decimation of the Company on his watch? Why isn't he doing the honourable thing and leaving? He has taken millions from the shareholders - he wants to take millions more....why are shareholders continuing to fund his lifestyle despite abject failure?
ohdearohdearohdear
26/5/2023
09:15
I'm very optimistic that if Parsons went the share price would pick up, the markets know his chequered history??
mebo2
24/5/2023
10:20
Someone bought 10 mil earlier.There will be some armchair warrior walking around now saying he owns 10,000,000 shares in a Oil & Gas company spearheaded up by a ex-Rothschild employee...Will soon be able to sell that massive stake for a battered 206 GTi soon. (not the 180 edition, though)
the_punted_mug
13/5/2023
10:13
The £75,000 "token gesture" is so that Echo Energy can keep the lights on. And finalise the sale. Directors need paying. And very well indeed.

The buyers of the Echo Energy 65% stake in the Argentinian asset don't give a fig about Echo shares. They probably think they are near to worthless. They would have just as willingly accepted less shares. An example of the state of the company. They can't give the shares away.

Look back at the RNS dated 23 December 2022, when warrants were exercised at 108% premium. The cash received kept the lights on. And along with the upfront cash payment from the gas contracts ($700,000 net to Echo) allowed the company to negotiate the sale of the assets. Marco Fumagalli and Lombard departed the company during this time.

The mug punter of course realises all this. And that there is nothing left after all commitments are met. He now deserves his fate. There were and are plenty of warnings.

Be careful.

helpfull
13/5/2023
10:04
What asset are they going to buy for 75k? Possibly some contribution for towarss maintenance of assets they have 'given away'.I am referencing the capital raise of any meaningful amount of money for a new asset... Unless what you see now is what you get.
the_punted_mug
13/5/2023
09:38
Can we get one thing straight here? The raising of equity ar 0.065p gets mentioned a lot on lse in particular. Can i remind folk (ot tell them to read the rns properly) that the 0.065p referred to ONLY the raising of.....75K. That is right..a measly 75K. It waa a token gesture...nothing else. So the 0.065p is absolutely and utterly meaningless.
ohdearohdearohdear
13/5/2023
09:02
If they do a fundraiser down here to buy a new asset... That's a hell of a lot of confetti...But wait! The almighty Zak said it has a 1.2p target because: chart.Let the gerbils... See the blender.
the_punted_mug
11/5/2023
12:12
What are the scores on the doors for Echo Energy?

RNS on 9 May 2023 informed shareholders that the company has "below £50,000" cash (down from less than £100,000 on 18 April 2023).

The £500,000 expected by the end of April hasnt, all, arrived yet but let's assume it will.

There is a small cash raise (9/5/2023) for 115.38 million shares which will bring in £75,000.

If the sale goes through the company will receive £825,000 cash.

That would give total cash of £1,450,000.

There is another £400,000 in Interoil shares which could be sold and possible contingent payments for 4,000 and 6,000 boped production but those targets are far off and are unlikely to be achieved based on past problems.

What about the debits?

The remuneration for the BOD in 2021 was $698,809 or about £559,047 in today's money. There might be £93,000 accrued, but unpaid salary/bonus due to the CEO. Maybe more if bonuses were awarded this year.

The company still owes €10,000,000 bond debt after the debt reconstruction this year (due in 2032).

There is still the residual £1,000,000 loan to be paid by Echo Energy (see RNS dated 1 Oct 2021):

"Maturity extended by 2 years such that the then outstanding remaining principal and accumulated accrued interest will mature on 8 March 2024 ("Maturity") following four quarterly cash prepayments of £25,000 commencing on 31 March 2023"

That's £100,000 this year followed by about £842,724 in March next year (8% interest assumed).

The transaction leaves little future cash.

Debt is still a major problem.

Martin Hull's contract contains a 6 month notice period and a 12 month change of control clause. And Parsons might be after a Executive Chairman position.

The mug punter should be aware.

Be careful.

helpfull
09/5/2023
08:46
This could be up a few 100% on this news was priced to go bust
mally6
09/5/2023
07:37
Wow!

Double Wow!

The company has been offloaded for enough cash to pay off the CEO (and the directors) what is due to them in their contracts. Barely enough.

The company still has large debt. The residual "trade payable" debt from Argentina and €10,000,000 bond debt.

The management still won't admit failure and apologise to shareholders and all the mug punters who came aboard recently.

No wonder Marco Fumagalli and Lombard disappeared themselves.

The Columbian option? Really? Are there still mugs willing to listen to this nonsense?

People holding these shares now deserve all that happens. The warning signs have been around for a long time.

Disgraceful. The directors involved have no shame. No apology because there is still gravy to be mopped up.

Be careful.

helpfull
09/5/2023
07:20
Firesale.

Having mugged off the gerbils for years, Parsons and Hull have decided to sell their producing assets for more jam tomorrow, and will shortly carry out a “capital reorganisation”; so the process of mugging off the gerbils can begin again.

Was Hull excited enough to give up any of his £500,000 renumeration?

terminator101
08/5/2023
14:09
Tomorow....3 bags up!!!
fanuk
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